Friday, November 30, 2007

The GBP/JPY Jerk Off

Right before my eyes, the GBP/JPY jerked off, and hit all my t/p. Been a very very exciting afternoon here, and I have earned a total of $74.76. The only crazy thing which I have done would be entering into another GBP/JPY trade at the price of 229.00. I know it sounds mad, but take a look at the hourly charts of GBP/USD and USD/JPY.


GBP/USD Hourly Chart


USD/JPY Hourly Chart

Both shows an upward movement, though with very little potential. And while typing this post, I think I should stop my self deception and close the bloody position at breakeven.

That's all for today, a 10% return in initial capital invested.

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